The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait. With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Giving Provinces More Power: Could Law 21 Save Iraq? How can a country like Iraq – with its different sects, religions and ethnicities – be governed appropriately? Some are now […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi Constitution — prices of food increased significantly, a result […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the public appearance in Mosul of Ibrahim Awwad Ibrahim Ali al-Badri al-Samarrai, known as Abu Bakr al-Baghdadi, and his self-proclamation as caliph of all Muslims, Baghdadi has declared a war on everyone inside and […]
By Patrick M Schmidt. While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment. With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth of GDP in 2013, Kurdistan’s economic […]
Acting Minister of Foreign Affairs Dr. Hussain al-Shahristani received on July 22, 2014 a copy of the credentials of the Ambassador of the Federal Republic of Germany's new ambassador to the Republic of Iraq, Mr. Eghard Boroza during the ceremony took place in the office of the ministry. The Minister welcomed the Ambassador, praising the […]
By Daniella Peled. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News The Islamic State of Iraq and Syria (ISIS) poses […]
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It said the speeches of Iraqi Prime Minister Nouri al-Maliki do not scare the […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. When George W. Bush invaded Iraq, he was criticized, including for being motivated by eschatology (the aspect of theology that deals with the end of days) and desiring to push a right-wing Christian agenda in […]
Following the insurgency by ISIS/ISIL, and the declaration of a 'caliphate' to be known as the Islamic State (IS), we have seen an increase in enquiries to Iraq Business News regarding the future of the country's currency, the Iraqi dinar (IQD). These enquiries typically come from people who have been persuaded to speculate on the […]
The General Directorate of Water and Sewage in the Kurdistan Region is considering the implementation of the Ifraz Station-4 project, with a capacity of 25000 cubic meters per hour, due to the increase in the demand for drinking water in the capital, Erbil. The General Directorate of Water and Sewage last year started to implement […]
Itar-Tass reports that Russia’s Defense Minister, Sergei Shoigu (pictured), intends to expand military-technical cooperation with Iraq. The Minister is quoted as saying: “Military-technical cooperation between our countries develops successfully. The intergovernmental agreement proves its efficiency. “We’re meeting with the Iraqi officials when the country faces difficulties. “We support your efforts in fighting terrorism. “We seek […]
